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Compare Forex Brokers Alpari And Fast Brokers


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Subjective Ratings

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Alpari

Fast Brokers

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Five star Execution Rating
Transaction costs (spreads): Five star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Four and Half star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Five star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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Alpari

Fast Brokers

 
Registered Business Name: Alpari NZ Limited (New Zealand) Fast Trading Services LLC
Broker Headquarters: New Zealand Glendale, California, USA
Also has offices in: Many branches around Russia None
Regulated By: FRA (Russia) NFA (ID#: 0342002)
CFTC Registered
In business since year: 1998 2004
Broker Capital as of 03-2009 Unknown Unknown
Client Account Segregation: ASB Bank New Zealand Yes (some restrictions apply)
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
MethodDeposit FeeWithdrawal Fee
BPS Electronic Funds $0 $0
Check $0 $0
Credit Card $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others Currenex®, Integral®, Fortex®, Stonex

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Trading Details

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Alpari

Fast Brokers

 
Browser platform: Currenex ECN (for pro.direct accounts) Fast Brokers Currenex Java Classic
Downloadable platform: Alpari MetaTrader 4 (MT4) PathFinder Trader™
Mobile platform: Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone) Coming Soon
Phone dealing: Yes Yes
Order processing: ECN on pro.direct accounts DMA to multiple ECNs
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
pamm.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
pro.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
classic.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
pamm.mt4 100:1* $300/unlimited 1,000/unlimited
pamm.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
classic.ndd.zulutrade 100:1* $1,000/unlimited 10,000/100,000,000
classic.mt4 500:1* $200/unlimited 10,000/unlimited
pamm.systematic 100:1* $300/unlimited 1,000/100,000,00
micro.mt4 500:1* no limits 1,000/500,000
classic.systematic 500:1* $200/unlimited 1,000/100,000,000
classic.zulutrade 500:1* $200/unlimited 1,000/100,000,000
pro.direct (Currenex) 200:1* $20,000/unlimited 10,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Pathfinder FUTURES N/A €/$2,500/unlimited 1 lot
Pathfinder Trader ECN2 50:1* $100,000/unlimited 100,000/unlimited
Pathfinder Trader non-US 200:1* €2,500/unlimited 10,000/unlimited
Pathfinder Trader US ECN 50:1* $2,500/unlimited 10,000/unlimited
Swap-free accounts   $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.   Yes - no extra fees are incurred on Islamic style accounts
Tradeable Instruments: 53    21   
No Dealing Desk Execution: Yes There is no dealing desk intervention
Typical spread on EUR/USD: 0.5 pips (0.00005) - widens overnight Moscow time 0.4 pips (0.00004) on ECN2 feed
Fixed spreads: No Fixed spreads on Retail Accounts. Floating spreads on Pro and ECN Accounts.
Guaranteed stop losses? No No, orders are executed at best available price.
Trailing Stops: Server-side Client-side
OCO orders available: Yes o Yes
If/then orders available: Yes o Yes
Hedging capability: Yes Yes, a workaround to the NFA FIFO rule is in place, using separate feeds..
Automated Trading: Yes, on MT4 Yes
Trading Hours:   Sunday 5.00 PM to Friday 04.00 PM EST
Timezone GMT User defined
Scalping allowed: Yes - Currenex ECN places no restrictions on trading style. Yes, without restrictions
Account currencies available: EUR, Gold, USD CHF, EUR, GBP, USD
Platform languages: Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish Many
Support languages: Chinese, English, Russian, Spanish Armenian, Chinese, English, French, German, Indonesian, Italian, Persian, Portuguese, Spanish
Demo account: 30 days 30 days
Live chat support: Yes - a little slow but top quality 24/5
Interest on Margin: Yes No
Promotions & tournaments: 20% first deposit bonus. Interest paid on unused margin at 2% annual rate (alpari.premier accounts only). Free courses and educational materials. None

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